Sun Capital Partners has come up a bit short in its latest fundraising effort. The firm has reached the end of marketing for its sixth buyout pool after collecting $2.1 billion in commitments, Michael Wursthorn reports. Sun had been soliciting prospective investors for Sun Capital Partners VI LP since 2012 and initially kicked off marketing with a $3 billion target, scaled down from its $6 billion 2007-vintage vehicle.

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HgCapital has announced 15 internal promotions following an active year for the European midmarket firm in which it nearly tripled investors’ money from realizations, Alec Macfarlane reports for LBO Wire’s U.K. sister publications Private Equity News (subscription required).

France and China held an initial close on 460 million euros for a midcap private equity fund to boost investment and exposure between the two nations following a visit by the Chinese president to France earlier this year, according to Reuters.